Purpose

The Singapore foreign exchange market is an emerging forex market that developed in the 1970s alongside the rise of the Asian Dollar Market. With its advantageous geographical location, advanced financial infrastructure, and open financial policies, Singapore has become one of Asia's key forex trading hubs. To help investors or practitioners gain a more comprehensive understanding of forex brokers in the region, an on-site inspection team conducted field visits in Singapore.

Process

The on-site inspection team visited the forex broker GDMAX in Singapore as planned. According to public information, its office address is Marina Bay Financial Centre Block A 1908.

A professional and experienced on-site inspection team, driven by a sense of mission to rigorously safeguard investors' interests, traveled to Singapore according to a well-planned schedule. Based on the aforementioned information, they conducted an on-site visit to the brokerage firm GDMAX.

The on-site inspector proceeded to Marina Bay Financial Centre Block A based on the address information to conduct a physical verification of the dealer GDMAX who claimed to be located at Marina Bay Financial Centre Block A 1908.

The inspection personnel successfully arrived at Marina Bay Financial Centre Block A, located in a bustling area of Singapore with a vibrant commercial atmosphere. This is one of the best office buildings in Singapore, featuring a prime location on the map and housing major financial companies. However, no GDMAX company signage or related information was found outside the building.

The on-site inspector entered the building lobby and stated their purpose to the security personnel. After communication, they obtained permission to enter.

However, unfortunately, no nameplate for GDMAX was found inside the building. Since the exact floor location could not be confirmed, we were unable to reach the target floor 1908, and thus could not verify whether GDMAX's office area had clear signage or security measures. As we failed to access the specific floor, we could not enter the interior, take photos of the reception desk or its logo, and the office space was not a shared workspace.

Through the lobby area, it is impossible to observe the internal environment of the company, the decoration style, or employee activities due to the inability to access the interior. Overall, the current situation does not align with its claimed positioning of having this office address.

Therefore, after on-site verification, it is confirmed that the dealer GDMAX does not exist at the above address.

Conclusion

The on-site investigator visited the forex broker GDMAX in Singapore as planned. The broker's company name and other information were not found at the publicly displayed business address, indicating that the broker does not have a genuine operational location. Investors are advised to make their choices after comprehensive consideration.

Disclaimer

The above content and views are for reference only and should not be used as the final basis for selection.